Test: Business Laws - 2 - CA Foundation MCQ

Which of the following is/are also called executed consideration(s)?

If the goods of contract under sale are destroyed immediately after the agreement, the loss is to be borne by

The acceptance may be

Which of the following contracts is based upon the mode of formation?

There must be at least _____ parties in a contract.

A contract by or with a minor is _________ contract.

The ownership of property in goods immediately passes to buyer from seller in the contract of

In a contract containing reciprocal promises, where one party prevents the other from performing its promise, the contract becomes

The Partnership Act of India applies to

The consideration must move at the desire of _______ only.

________ is the most common law for all commercial transactions.

The partners are the _______ of the partnership firm.

The contract of sale can be made for _______ goods.

There was a contract of sale of goods but the seller did not have the possession of goods. Subsequently, the buyer became insolvent without making the payment. Who will get the control of goods?

An offer may be

A minor can never be

A contract which is not made in written or in words is called

Who among the following is not disqualified from contracting?

Who among the following can be a partner in a new firm?

Which of the following can be the members of partnership business?

A contract where all the parties have fulfilled their obligations is called _______ contract.

Which of the following contracts attract punishment under the law?